Stark Contrast: Refi Records in February vs Interest Rate Carnage Since Then

Despite your thoughts on the term “fake news,” we have to talk about it in the context of mortgage rates . It’s highly pertinent, even if deception is far from the intention. Thursday is a big day for mortgage rate news because that’s when Freddie Mac’s weekly mortgage rate survey is published. Why does that matter? Because, while any given lender can do a fine job of tracking their own rates over time, Freddie is one of the only games in town when it comes to capturing a broad average rate offering among multiple lenders. It doesn’t hurt that their numbers go back to the 70’s and that they’re one of the two gigantic housing agencies that see a vast majority of all mortgages in the US move across their desks in some capacity. Over time, reporters have found it easy to simply cover mortgage
Mortgage Newsletters and Market Analysis

Tags: , , , , , , , ,
Previous Post

Mortgage Rates End Week Near 1-Year Highs

Next Post

Refinance Activity Broke an Almost 9-Year Record in February

Leave a Reply

Your email address will not be published. Required fields are marked *